August 17, 2017 in Posts

The Great Passive Investing Bait-And-Switch

One problem with “passive investing” (which I have argued is actually an oxymoron) is the fact that it’s systematically buys high and sells low. This is simply a product of…

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August 11, 2017 in Posts

Got Gold?

While everyone pays such close attention to every tick of the stock market and the cryptocurrencies, gold has been quietly flying under the radar. Not many have noticed that it’s…

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August 2, 2017 in Posts

By This Measure The Current Stock Market Bubble Is Far Bigger Than The Dotcom Bubble

My friend, Dr. John Hussman, recently pointed out that stocks have now achieved a valuation altitude that is extremely rare. Only during the week of March 24, 2000, the very…

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July 14, 2017 in Posts

Why You Should Wear Your Twitter Trolls Like A Badge Of Honor

There’s been a lot of noise recently regarding some very high profile people leaving twitter due to the trolling so prevalent on the platform. I’ve been on twitter for about…

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July 7, 2017 in Posts

Rising Interest Rates Could Present A Problem For Risk Assets

Exactly one year ago I wrote, “long bonds enter the blowoff stage” (and “a few more thoughts on the long bond blowoff“). Since then the 30-year treasury yield has risen…

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June 24, 2017 in Posts

Yes, Bitcoin Is A Bubble And It’s About To Burst

The popularity of trading Bitcoin has now reached the point where none other than the New York Times sees fit to declare cryptocurrencies, or more specifically initial coin offerings, “The…

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June 23, 2017 in Posts

The High Wire Act Of Being A Diehard Value Investor In The Age Of Central Bank Bubbles

A version of this post first appeared at The Felder Report Premium I have spend a lot of time here focused on macro risks. So much so that you might think it’s…

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June 15, 2017 in Posts

This Is What The Blowoff Stage Of A Stock Market Bubble Looks Like

We saw the “blowoff” top in bonds last summer (see this and this). This summer investors get to witness what the “blowoff” stage of a massive stock market bubble looks…

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June 8, 2017 in Posts

The Stars Are Starting To Align For Gold Bulls

I’ve been following gold pretty closely since I first proclaimed, ‘it’s time to get greedy in the gold market,’ when the precious metal fell below $1,100 a couple of years…

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May 31, 2017 in Jesse, Posts

How A Funny Mentalist Learned To Avoid Annihilation

The following is a transcript of the speech I was supposed to give to the Puget Sound chapter of the Market Technician’s Association on December 15, 2016 (before I got snowed in)…

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May 25, 2017 in Posts

If There Was Ever An Example Of ‘Reward-Free Risk’ This Is It

‘What is the opposite of a “margin of safety”?’ This is a question I’ve been considering because it seems that’s exactly what investors have settled for in passively buying equities…

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May 18, 2017 in Posts

Investors Better Hope This Time Really Is Different

A version of this post first appeared at The Felder Report Premium. “This time is different.” Sir John Templeton famously called these, “the four most dangerous words in investing,” but…

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